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Stock Comparison

APPN vs OSPN

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
APPN
Appian Corporation

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$1.72B
5Y Perf.-59.3%
OSPN
OneSpan Inc.

Software - Infrastructure

TechnologyNASDAQ • US
Market Cap$442M
5Y Perf.-41.9%

APPN vs OSPN — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
APPN logoAPPN
OSPN logoOSPN
IndustrySoftware - InfrastructureSoftware - Infrastructure
Market Cap$1.72B$442M
Revenue (TTM)$691M$246M
Net Income (TTM)$-7M$70M
Gross Margin76.3%70.5%
Operating Margin0.9%19.4%
Forward P/E26.1x9.6x
Total Debt$290M$6M
Cash & Equiv.$136M$70M

APPN vs OSPNLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

APPN
OSPN
StockMay 20May 26Return
Appian Corporation (APPN)10040.7-59.3%
OneSpan Inc. (OSPN)10058.1-41.9%

Price return only. Dividends and distributions are not included.

Quick Verdict: APPN vs OSPN

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: OSPN leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Appian Corporation is the stronger pick specifically for growth and revenue expansion and capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
APPN
Appian Corporation
The Income Pick

APPN is the clearest fit if your priority is income & stability and growth exposure.

  • Dividend streak 1 yrs, beta 0.81
  • Rev growth 17.8%, EPS growth 101.6%, 3Y rev CAGR 15.8%
  • 54.4% 10Y total return vs OSPN's -24.1%
Best for: income & stability and growth exposure
OSPN
OneSpan Inc.
The Value Play

OSPN carries the broadest edge in this set and is the clearest fit for value and quality.

  • Lower P/E (9.6x vs 26.1x)
  • 28.5% margin vs APPN's -1.1%
  • 4.1% yield; 2-year raise streak; the other pay no meaningful dividend
Best for: value and quality
See the full category breakdown
CategoryWinnerWhy
GrowthAPPN logoAPPN17.8% revenue growth vs OSPN's 0.0%
ValueOSPN logoOSPNLower P/E (9.6x vs 26.1x)
Quality / MarginsOSPN logoOSPN28.5% margin vs APPN's -1.1%
Stability / SafetyAPPN logoAPPNBeta 0.81 vs OSPN's 1.23
DividendsOSPN logoOSPN4.1% yield; 2-year raise streak; the other pay no meaningful dividend
Momentum (1Y)OSPN logoOSPN-20.3% vs APPN's -24.4%
Efficiency (ROA)OSPN logoOSPN18.9% ROA vs APPN's -1.2%, ROIC 21.7% vs 0.3%

APPN vs OSPN — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

APPNAppian Corporation
FY 2025
Subscriptions, Software, and Support
48.1%$576M
Cloud Subscriptions
36.5%$437M
Professional Services Member
12.6%$150M
Maintenance And Support
2.8%$33M
OSPNOneSpan Inc.
FY 2025
Subscription
64.2%$156M
Hardware Products
20.2%$49M
Maintenance, support and other
14.3%$35M
Professional Services and Other
1.3%$3M

APPN vs OSPN — Financial Metrics

Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLOSPNLAGGINGAPPN

Income & Cash Flow (Last 12 Months)

Evenly matched — APPN and OSPN each lead in 3 of 6 comparable metrics.

APPN is the larger business by revenue, generating $691M annually — 2.8x OSPN's $246M. OSPN is the more profitable business, keeping 28.5% of every revenue dollar as net income compared to APPN's -1.1%. On growth, APPN holds the edge at +21.4% YoY revenue growth, suggesting stronger near-term business momentum.

MetricAPPN logoAPPNAppian CorporationOSPN logoOSPNOneSpan Inc.
RevenueTrailing 12 months$691M$246M
EBITDAEarnings before interest/tax$16M$57M
Net IncomeAfter-tax profit-$7M$70M
Free Cash FlowCash after capex$73M$47M
Gross MarginGross profit ÷ Revenue+76.3%+70.5%
Operating MarginEBIT ÷ Revenue+0.9%+19.4%
Net MarginNet income ÷ Revenue-1.1%+28.5%
FCF MarginFCF ÷ Revenue+10.5%+19.0%
Rev. Growth (YoY)Latest quarter vs prior year+21.4%+4.1%
EPS Growth (YoY)Latest quarter vs prior year+4.4%-18.9%
Evenly matched — APPN and OSPN each lead in 3 of 6 comparable metrics.

Valuation Metrics

OSPN leads this category, winning 5 of 5 comparable metrics.

At 6.2x trailing earnings, OSPN trades at a 99% valuation discount to APPN's 1159.0x P/E. On an enterprise value basis, OSPN's 5.8x EV/EBITDA is more attractive than APPN's 3070.0x.

MetricAPPN logoAPPNAppian CorporationOSPN logoOSPNOneSpan Inc.
Market CapShares × price$1.7B$442M
Enterprise ValueMkt cap + debt − cash$1.9B$378M
Trailing P/EPrice ÷ TTM EPS1159.00x6.21x
Forward P/EPrice ÷ next-FY EPS est.26.09x9.61x
PEG RatioP/E ÷ EPS growth rate
EV / EBITDAEnterprise value multiple3069.97x5.80x
Price / SalesMarket cap ÷ Revenue2.36x1.82x
Price / BookPrice ÷ Book value/share1.67x
Price / FCFMarket cap ÷ FCF28.80x8.76x
OSPN leads this category, winning 5 of 5 comparable metrics.

Profitability & Efficiency

OSPN leads this category, winning 6 of 7 comparable metrics.

On the Piotroski fundamental quality scale (0–9), APPN scores 6/9 vs OSPN's 5/9, reflecting solid financial health.

MetricAPPN logoAPPNAppian CorporationOSPN logoOSPNOneSpan Inc.
ROE (TTM)Return on equity+27.3%
ROA (TTM)Return on assets-1.2%+18.9%
ROICReturn on invested capital+0.3%+21.7%
ROCEReturn on capital employed+0.2%+19.6%
Piotroski ScoreFundamental quality 0–965
Debt / EquityFinancial leverage0.02x
Net DebtTotal debt minus cash$154M-$64M
Cash & Equiv.Liquid assets$136M$70M
Total DebtShort + long-term debt$290M$6M
Interest CoverageEBIT ÷ Interest expense0.85x1656.95x
OSPN leads this category, winning 6 of 7 comparable metrics.

Total Returns (Dividends Reinvested)

OSPN leads this category, winning 5 of 6 comparable metrics.

A $10,000 investment in OSPN five years ago would be worth $4,861 today (with dividends reinvested), compared to $2,343 for APPN. Over the past 12 months, OSPN leads with a -20.3% total return vs APPN's -24.4%. The 3-year compound annual growth rate (CAGR) favors OSPN at -3.3% vs APPN's -13.2% — a key indicator of consistent wealth creation.

MetricAPPN logoAPPNAppian CorporationOSPN logoOSPNOneSpan Inc.
YTD ReturnYear-to-date-31.9%-2.9%
1-Year ReturnPast 12 months-24.4%-20.3%
3-Year ReturnCumulative with dividends-34.7%-9.5%
5-Year ReturnCumulative with dividends-76.6%-51.4%
10-Year ReturnCumulative with dividends+54.4%-24.1%
CAGR (3Y)Annualised 3-year return-13.2%-3.3%
OSPN leads this category, winning 5 of 6 comparable metrics.

Risk & Volatility

Evenly matched — APPN and OSPN each lead in 1 of 2 comparable metrics.

APPN is the less volatile stock with a 0.81 beta — it tends to amplify market swings less than OSPN's 1.23 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. OSPN currently trades 65.1% from its 52-week high vs APPN's 50.3% drawdown — a narrower gap to the peak suggests stronger recent price momentum.

MetricAPPN logoAPPNAppian CorporationOSPN logoOSPNOneSpan Inc.
Beta (5Y)Sensitivity to S&P 5000.81x1.23x
52-Week HighHighest price in past year$46.06$18.13
52-Week LowLowest price in past year$19.79$10.07
% of 52W HighCurrent price vs 52-week peak+50.3%+65.1%
RSI (14)Momentum oscillator 0–10051.366.1
Avg Volume (50D)Average daily shares traded779K593K
Evenly matched — APPN and OSPN each lead in 1 of 2 comparable metrics.

Analyst Outlook

OSPN leads this category, winning 1 of 1 comparable metric.

Wall Street rates APPN as "Hold" and OSPN as "Buy". Consensus price targets imply 34.8% upside for APPN (target: $31) vs 31.4% for OSPN (target: $16). OSPN is the only dividend payer here at 4.07% yield — a key consideration for income-focused portfolios.

MetricAPPN logoAPPNAppian CorporationOSPN logoOSPNOneSpan Inc.
Analyst RatingConsensus buy/hold/sellHoldBuy
Price TargetConsensus 12-month target$31.25$15.50
# AnalystsCovering analysts1915
Dividend YieldAnnual dividend ÷ price+4.1%
Dividend StreakConsecutive years of raises12
Dividend / ShareAnnual DPS$0.48
Buyback YieldShare repurchases ÷ mkt cap+1.2%+3.0%
OSPN leads this category, winning 1 of 1 comparable metric.
Key Takeaway

OSPN leads in 4 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 2 categories are tied.

Best OverallOneSpan Inc. (OSPN)Leads 4 of 6 categories
Loading custom metrics...

APPN vs OSPN: Frequently Asked Questions

10 questions · data-driven answers · updated daily

01

Is APPN or OSPN a better buy right now?

For growth investors, Appian Corporation (APPN) is the stronger pick with 17.

8% revenue growth year-over-year, versus 0. 0% for OneSpan Inc. (OSPN). OneSpan Inc. (OSPN) offers the better valuation at 6. 2x trailing P/E (9. 6x forward), making it the more compelling value choice. Analysts rate OneSpan Inc. (OSPN) a "Buy" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

02

Which has the better valuation — APPN or OSPN?

On trailing P/E, OneSpan Inc.

(OSPN) is the cheapest at 6. 2x versus Appian Corporation at 1159. 0x. On forward P/E, OneSpan Inc. is actually cheaper at 9. 6x.

03

Which is the better long-term investment — APPN or OSPN?

Over the past 5 years, OneSpan Inc.

(OSPN) delivered a total return of -51. 4%, compared to -76. 6% for Appian Corporation (APPN). Over 10 years, the gap is even starker: APPN returned +54. 4% versus OSPN's -24. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

04

Which is safer — APPN or OSPN?

By beta (market sensitivity over 5 years), Appian Corporation (APPN) is the lower-risk stock at 0.

81β versus OneSpan Inc. 's 1. 23β — meaning OSPN is approximately 52% more volatile than APPN relative to the S&P 500.

05

Which is growing faster — APPN or OSPN?

By revenue growth (latest reported year), Appian Corporation (APPN) is pulling ahead at 17.

8% versus 0. 0% for OneSpan Inc. (OSPN). On earnings-per-share growth, the picture is similar: Appian Corporation grew EPS 101. 6% year-over-year, compared to 30. 1% for OneSpan Inc.. Over a 3-year CAGR, APPN leads at 15. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

06

Which has better profit margins — APPN or OSPN?

OneSpan Inc.

(OSPN) is the more profitable company, earning 30. 0% net margin versus 0. 2% for Appian Corporation — meaning it keeps 30. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OSPN leads at 20. 6% versus 0. 1% for APPN. At the gross margin level — before operating expenses — APPN leads at 72. 5%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

07

Is APPN or OSPN more undervalued right now?

On forward earnings alone, OneSpan Inc.

(OSPN) trades at 9. 6x forward P/E versus 26. 1x for Appian Corporation — 16. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for APPN: 34. 8% to $31. 25.

08

Which pays a better dividend — APPN or OSPN?

In this comparison, OSPN (4.

1% yield) pays a dividend. APPN does not pay a meaningful dividend and should not be held primarily for income.

09

Is APPN or OSPN better for a retirement portfolio?

For long-horizon retirement investors, OneSpan Inc.

(OSPN) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 1. 23), 4. 1% yield). Both have compounded well over 10 years (OSPN: -24. 1%, APPN: +54. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

10

What are the main differences between APPN and OSPN?

Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: APPN is a small-cap high-growth stock; OSPN is a small-cap deep-value stock. OSPN pays a dividend while APPN does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.

Find Stocks Like These

Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.

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APPN

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 10%
  • Gross Margin > 45%
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Dividend Mega-Cap Quality

  • Sector: Technology
  • Market Cap > $100B
  • Net Margin > 17%
  • Dividend Yield > 1.6%
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Beat Both

Find stocks that outperform APPN and OSPN on the metrics below

Revenue Growth>
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(APPN: 21.4% · OSPN: 4.1%)
P/E Ratio<
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(APPN: 1159.0x · OSPN: 6.2x)

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